Porsche Automobil Holding SE (WBO:PAH3) EBIT : €5,463 Mil (TTM As of Dec. 2023)

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What is Porsche Automobil Holding SE EBIT?

Porsche Automobil Holding SE's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €1,434 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €5,463 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Porsche Automobil Holding SE's annualized ROC % for the quarter that ended in Dec. 2023 was 8.78%. Porsche Automobil Holding SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 573,600.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Porsche Automobil Holding SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.24%.

Porsche Automobil Holding SE EBIT Historical Data

The historical data trend for Porsche Automobil Holding SE's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Porsche Automobil Holding SE EBIT Chart

Porsche Automobil Holding SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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4,393.00

2,657.00

4,589.00

5,407.00

5,463.00

Porsche Automobil Holding SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															805.00	1,354.00	1,113.00	1,562.00	1,434.00

Competitive Comparison of Porsche Automobil Holding SE's EBIT

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Porsche Automobil Holding SE's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Porsche Automobil Holding SE's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Porsche Automobil Holding SE's EV-to-EBIT falls into.

Porsche Automobil Holding SE EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,463 Mil.

Porsche Automobil Holding SE (WBO:PAH3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Porsche Automobil Holding SE's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	5568 * ( 1 - 3.07% )	/	( (61458	+	61461)	/ 2 )
=	5397.0624	/	61459.5
=	8.78 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	62437	-	9	-	( 1050	-	max(0, 83	-	1053	+	1050	))
=	61458

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	62358	-	4	-	( 1015	-	max(0, 137	-	1030	+	1015	))
=	61461

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Porsche Automobil Holding SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5736	/	( ( (1 + max(-80, 0))	+	(1 + max(-14, 0)) )	/	2 )
=	5736	/	( ( 1	+	1 )	/	2 )
=	5736	/	1
=	573,600.00 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	3)	-	(9	+	0	+	74)
=	-80

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	15)	-	(4	+	0	+	25)
=	-14

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Porsche Automobil Holding SE's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5463	/	20822.438
	=	26.24 %

Porsche Automobil Holding SE EBIT Related Terms

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Porsche Automobil Holding SE (WBO:PAH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Porsche Automobil Holding SE (WBO:PAH3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

POAHY:USA POAHF:USA PAH3:Mexico 1PAH:Italy PAH3d:UK 0JHU:UK PAH3:Germany

Address

Porscheplatz 1, Stuttgart, BW, DEU, 70435

Website

https://www.porsche-se.com

Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

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